Cash distribution request

[Pages:14]Cash distribution request

If you have questions or need assistance completing this form, call the Lincoln Customer Contact Center at 1-800-234-3500 or contact your retirement plan representative.

Is this the correct form?

This form can be used for the most common distribution reasons. This will result in payment(s) to you.

If you would like to request a distribution for another reason, please refer to the Lincoln website for the applicable form.

DO NOT use this form for: ? Hardship or Unforeseeable emergency ? Required minimum distribution ? Excess withdrawal (refund) ? Death claim (you are the beneficiary) ? Plan termination ? Rollover, contract exchange, transfer

Marital status: Please provide your martial status in order to ensure timely processing of your distribution.

1 Tell us about yourself.

Name (first, MI, last, suffix)

Mailing address

City

State

Zip

Email

M arital status I do not have a living spouse.

I have a living spo use.

SSN

-

-

Plan ID (refer to your statement)

Mobile

-

-

Phone

-

-

Date of birth (mm/dd/yyyy)

/

/

Restrictions may apply to options (where noted) on this form depending on your plan. Please contact your plan administrator/ employer to discuss what options are available.

For Qualified Domestic Relations Orders: A copy of the court order, divorce, or legal separation is required.

For Qualified Military Reservist distributions: A copy of your active duty paperwork indicating active duty dates and a copy of your state issued ID.

If you are totally and permanently disabled: A letter from the Social Security Administration or Plan Administrator is required.

For Qualified Military Reservist distributions: Once you receive your distribution, your contributions will be suspended for 6 months.

For an in-service withdrawal from an account with a balance of $5,000 or less (457(b) governmental plans only): This must be your first distribution of this type and you cannot have made deferrals to this plan for the past two years.

For Rollover Account withdrawal: This is a withdrawal of assets previously held at another plan and rolled into your current plan. If you want to transfer the Rollover Account to another company, please use the Request a Distribution to Another Company form found on the Lincoln website.

Choose the distribution reasons that apply.

If you want to take a distribution payable to yourself and none of the options below apply to you, please call Lincoln to assist with your request.

CURRENT EMPLOYEE Qualified Domestic Relations Order

Qualified Military Reservist distribution

Total and permanent disability

CURRENT EMPLOYEE RESTRICTED REASONS (The distribution options below may not be available in your plan or may have additional restrictions.)

Age 59? or older (401(a), 401(k), or 403(b) plans only)

Age 70? or older (457(b) governmental plans only)

FORMER OR NON-EMPLOYEE No longer working for the employer that administers this plan

Date of severance (mm/dd/yyyy)

/

/

Retirement

Qualified Domestic Relations Order

Total and permanent disability

Account balance of $5,000 or less (457(b) governmental plans only)

Rollover Account withdrawal

2 How much should we send you?

Amounts will be distributed from your available vested balance and may be limited to certain contribution types. The total amount you receive may be less than the amount requested, depending on your available balance and tax withholding. If you have stock, all or part of your stock will be liquidated and the cash proceeds included in your distribution.

Amount options (choose one)

Send me 100% of my current available account balance. (Skip to Step 4.)

Send me a partial payment of $ (Dollar amount must be provided. Restrictions may apply) depending on your plan.) This is a one time payment. (Skip to Step 4.) I would like recurring payments. (Proceed to Step 3.)

If applicable, your distribution will automatically include the Lincoln Secured Retirement IncomeSM investment option. This may result in an excess withdrawal. An excess withdrawal may reduce your income base. Please let us know if you want to exclude it from your distribution.

I do not want to include the Secured Retirement IncomeSM option in my distribution.

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Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.

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Cash distribution request

Scheduled withdrawals: If your forms are received after the date provided or you do not specify a day and month, we will change this date to the date the forms were received. If you elect recurring payments, your payments will be sent until your account is exhausted. To stop recurring payments, call Lincoln.

Direct Deposit: If your bank account information is illegible or incomplete, Lincoln will issue a check and mail to your address on file. Please note: We cannot direct deposit to reloadable bank cards. If you direct deposit to a checking account: A voided check or a verification of deposit from your financial institution is required. If you direct deposit to a savings account: A verification of deposit from your financial institution is required.

3 When and how often should we send your payment?

Complete this section only if you want recurring partial payments. We will change any existing payment schedule and amount to what you elect on this form.

I would like to start my payments (choose one)

Immediately

Scheduled to a future date within the next 30 days, on (mm/dd)

/

.

(Restrictions may apply depending on your plan.)

I would like my payments sent every (choose one)

Month 3 months 6 months 12 months

4 How would you like to receive your payment?

I would like my payment to be sent as a (choose one)

Direct deposit to my personal bank account as described here:

Name as it appears on your account

Bank transit/ABA number (9-digits)

Financial institution

Account number

Federal tax withholding election: If you do not provide a rate, or if you provide a federal tax withholding rate that is less than 20%, we are still required to withhold the applicable minimum. If you elect recurring payments that last ten years or more, you may be able to opt out of federal tax withholding. Please contact Lincoln for more information.

Please note: Your distribution may be subject to an additional 10% early distribution penalty tax. This penalty tax will be assessed when you file your tax returns as part of your tax liability and is not automatically included in your tax withholding for this distribution.

The amount you receive:

The total amount you receive from this distribution will be reduced by the total amount of taxes withheld. Depending on your available balance, you may adjust your requested distribution amount to account for additional taxes that may be assessed as part of your tax liability.

Type of account: Checking Savings Check, mailed to my address on file.

5 How do taxes impact your distribution?

Lincoln will withhold taxes from your distribution at the rates detailed below and automatically send the withholding to the IRS on your behalf. Please refer to the Special Tax Notice for more information.

Taxes withheld from your distribution will include:

yy Federal tax (if applicable) 20% mandatory withholding applies to distributions that are eligible for rollover. Indicate here if you would like to withhold federal taxes at a higher rate than the mandatory 20%:

Withhold federal taxes at the rate of (minimum 20%)

%.

yy State tax (if applicable) State tax is automatically calculated and based on your residence on file.

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Questions? Visit or call 1-800-234-3500, M - F, 8 am - 8 pm ET

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Cash distribution request

6 Sign and date this form.

Did you know?

If you move this year: Please update your address to receive your tax documents for use when you file your income taxes.

To update your address: If you are an active employee, contact your employer; if you are no longer employed, call Lincoln.

By signing below, I certify that:

yy I have read and understand the Important Fraud Notice and Important Information sections on the last page of this form.

yy I have received the Special Tax Notice, and if applicable, I waive the required 30-day notice period before receiving my distribution.

yy I am responsible for meeting the federal tax law requirements to qualify for this distribution.

yy My answers on this form and any documents I have attached are true and accurate.

yy If there are not enough funds in my retirement account for the amount requested, Lincoln will process the withdrawal from the amount available.

yy If applicable to this plan, I have received the Qualified Joint and Survivor Annuity (QJSA) notice; waive the 30 day review period and normal QJSA form of payment; and instead; elect to receive this distribution as detailed on this form.

yy If I am a New York resident, I understand that any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and shall also be subject to civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation.

Your signature

Today's date (mm/dd/yyyy)

/

/

If spousal consent is required and your plan administrator does not sign here as a witness to your spouse's signature, you must have a notary sign, seal, and date where noted to the right.

7 Your spouse's signature may be required.

In some instances, your spouse may be required to sign this form. Please contact plan administrator/ employer to determine if this is required for your plan. This section is not needed for distributions due to Qualified Domestic Relations Order.

By signing below, I certify that I am the spouse of the individual named above and that:

yy If applicable to this plan, I have received the QJSA notice, consent to my spouse's election to waive the normal QJSA form of payment, and consent to my spouse's election to an immediate distribution as detailed on this form.

Spouse's signature (if required)

Today's date (mm/dd/yyyy)

Plan administrator's signature or notary's signature

/

/

Today's date (mm/dd/yyyy)

Notary seal

/

/

Notary's commission expires (mm/dd/yyyy)

/

/

PAD-2316198-111318 RPS92608-AL-T (11/18)

Continue to the next page for additional instructions. Questions? Visit or call 1-800-234-3500, M - F, 8 am - 8 pm ET

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Cash distribution request

Did you remember to:

Print, sign and date this form?

Attach any necessary documents?

If faxing, include both the front and back of ALL pages of the form?

Questions?

VISIT or

CALL 1-800-234-3500, M - F, 8 am - 8 pm ET

Current, former, or non-employee - return all documents to:

Your employer's Human Resources department.

What you can expect:

yy Log in to your account at to verify when funds are removed from your retirement account.

yy For ACH deposits, it takes up to two business days to see your payment posted to your bank account once the funds have left your retirement account.

yy For checks, your payment will arrive depending on the United States Postal Service delivery schedule. This generally takes 2-5 business days once the funds have left your retirement account.

Plan administrator/employer use only.

I authorize Lincoln to proceed with the elections made on this form. Plan administrator's name

Plan administrator's signature

Today's date (mm/dd/yyyy)

/

/

Continue to the next page for additional information.

PAD-2316198-111318 RPS92608-AL-T (11/18)

Questions? Visit or call 1-800-234-3500, M - F, 8 am - 8 pm ET

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Cash distribution request

Participant information: If participant information is incomplete, Lincoln will use the information currently on file.

Authorization: Lincoln will process this request based on TPA authorization only. Lincoln will not screen for plan administrator/ employer's signature or QDRO orders.

TPA distribution fees are established at plan setup, deducted automatically at the time of withdrawal, and included in the aggregated monthly fee sent to the TPA. For recurring distribution payments, the fee will be assessed only for the initial withdrawal.

Third party administrator (TPA) use only.

Complete the following information: yy If the employee is no longer working, provide the date of severance

(mm/dd/yyyy)

/

/

.

yy Is the employee 100% vested? Yes No

If no, please provide the vested percentage:

-- The employee's vested percentage in employer match contributions is

%.

-- The employee's vested percentage in other employer contributions is

%.

yy If applicable, please provide the amount to separate into the alternate payee account for a Qualified

Domestic Relations Order (QDRO)

.

Plan administrator or TPA return all documents to:

? FAX Lincoln Retirement Services Company, LLC 260-455-9975

? MAIL Lincoln Retirement Services Company, LLC P.O. Box 7876 Fort Wayne, IN 46801-7876

? EXPRESS MAIL Lincoln Retirement Services Company, LLC 1300 South Clinton St. Fort Wayne, IN 46802-3506

IMPORTANT INFORMATION There are restrictions on the amount that can be withdrawn from the Lincoln Fixed Account/Lincoln Stable Value Account/ Lincoln Stable Value Separate Account in a 12-month period. Transfers from the Lincoln Stable Value Account/Lincoln Stable Value Separate Account may be subject to a 90-day equity wash. Lincoln Financial Group? affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Clients should consult their own independent advisor as to any tax, accounting or legal statements made herein. We recommend that you consult a tax advisor regarding the distribution rules as they pertain to your personal circumstances.

PAD-2316198-111318 RPS92608-AL-T (11/18)

yy If applicable, please provide the QDRO fee $

.

This fee will be applied to the (choose one): Participant Alternate payee

I authorize Lincoln to proceed with the elections made on this form.

TPA's name

Phone

TPA's authorization code

-

-

Contact name

IMPORTANT FRAUD NOTICE

Residents of all states except Alabama, Arkansas, Colorado, District of Columbia, Florida, Kentucky, Louisiana, Maine, Maryland, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia and Washington, please note: Any person who knowingly, and with intent to defraud any insurance company or other person, files or submits an application or statement of claim containing any materially false or deceptive information, or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and may subject such person to criminal and civil penalties.

For Arkansas, Colorado, Kentucky, Maine, New Mexico, Ohio, Rhode Island, Tennessee residents only: Any person who, knowingly and with intent to injure, defraud or deceive any insurance company or other person, files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and may subject such person to criminal and civil penalties, fines, imprisonment, or a denial of insurance benefits.

For Alabama and Louisiana residents only: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or who knowingly presents false information in an application for insurance is guilty of a crime and may be subject to restitution fines or confinement in prison, or any combination thereof.

For District of Columbia residents only: WARNING: It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant.

For Florida and New Jersey residents only: Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree.

For Maryland residents only: Any person who knowingly or willfully presents a false or fraudulent claim for payment of a loss or benefit or who knowingly or willfully presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.

For Oklahoma and Pennsylvania residents only: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.

For Vermont residents only: Any person who knowingly presents a false statement in an application for insurance may be guilty of a criminal offense and subject to penalties under state law.

For Washington residents only: It is a crime to knowingly provide false, incomplete, or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines, and denial of insurance benefits.

Questions? Visit or call 1-800-234-3500, M - F, 8 am - 8 pm ET

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Special tax notice regarding plan payment from non-Roth and designated Roth accounts

Your rollover options

You are receiving this notice because all or a portion of a payment you are receiving from an employer-sponsored retirement plan ("Plan") may be eligible to be rolled over to an IRA, an employer plan, or Roth IRA. This notice is intended to help you decide whether to do such a rollover.

This notice describes the rollover rules that apply to payments that are from a "designated Roth account" (an account for after-tax, Roth elective deferral contributions) and payments from a "non-Roth account" (an account for pre-tax elective deferral contributions). If you are only receiving a payment from one of these types of accounts, you need only read the sections of this notice that apply to that type of account. If you are receiving payments from both types of accounts, you should read the entire notice. In addition, the Plan administrator or payor will tell you the amount that is being paid from each account if you are receiving payments from both types of accounts.

Rules that apply to most payments from a plan are described in the "General Information About Rollovers" section. Special rules that only apply in certain circumstances are described in the "Special Rules and Options" section.

GENERAL INFORMATION ABOUT ROLLOVERS

How can a rollover affect my taxes?

Non-Roth account

You will be taxed on a payment from a non-Roth account under the Plan if you do not roll it over. If you are under age 59? and do not do a rollover, you will also have to pay a 10% additional income tax on early distributions (unless an exception applies). However, if you do a rollover, you will not have to pay tax until you receive payments later and the 10% additional income tax will not apply if those payments are made after you are age 59 ? (or if an exception applies).

Designated Roth account

After-tax contributions included in a payment from a designated Roth account are not taxed, but earnings might be taxed. The tax treatment of earnings included in the payment depends on whether the payment is a qualified distribution. If a payment is only part of your designated Roth account, the payment will include an allocable portion of the earnings in your designated Roth account.

If the payment from the Plan is not a qualified distribution and you do not do a rollover to a Roth IRA or a designated Roth account in an employer plan, you will be taxed on the earnings in the payment. If you are under age 59?, a 10% additional income tax on the early distributions will also apply to the earnings (unless an exception applies). However, if you do a rollover, you will not have to pay taxes currently on the earnings and you will not have to pay taxes later on payments that are qualified distributions.

If the payment from the Plan is a qualified distribution, you will not be taxed on any part of the payment even if you do not do a rollover. If you do a rollover, you will not be taxed on the amount you roll over and any earnings on the amount you roll over will not be taxed if paid later in a qualified distribution.

A qualified distribution from a designated Roth account in the Plan is a payment made after you are age 59? (or after your death or disability) and after you have had a designated Roth account in the Plan for at least 5 years. In applying the 5-year rule, you count from January 1 of the year your first contribution was made to the designated Roth account. However, if you did a direct rollover to a designated Roth account in the Plan from a designated Roth account in another employer plan, your participation will count from January 1 of the year your first contribution was made to the designated Roth account in the Plan or, if earlier, to the designated Roth account in the other employer plan.

What types of retirement accounts and plans may accept my rollover?

Non-Roth account

You may roll over the payment to either an IRA (an individual retirement account or individual retirement annuity) or an employer plan (a taxqualified plan, section 403(b) plan, or governmental section 457(b) plan) that will accept the rollover. The rules of the IRA or employer plan that holds the rollover will determine your investment options, fees, and rights to payment from the IRA or employer plan (for example, no spousal consent rules apply to IRAs and IRAs may not provide loans). Further, the amount rolled over will become subject to the tax rules that apply to the IRA or employer plan.

Designated Roth account

You may roll over the payment from a designated Roth account to either a Roth IRA (a Roth individual retirement account or Roth individual retirement annuity) or a designated Roth account in an employer plan (a tax-qualified plan, section 403(b) plan or governmental 457(b) plan) that will accept the rollover. The rules of the Roth IRA or employer plan that holds the rollover will determine your investment options, fees, and rights to payment from the Roth IRA or employer plan (for example, no spousal consent rules apply to Roth IRAs and Roth IRAs may not provide loans). Further, the amount rolled over will become subject to the tax rules that apply to the Roth IRA or the designated Roth account in the employer plan. In general, these tax rules are similar to those described elsewhere in this notice, but differences include:

y If you do a rollover to a Roth IRA, all of your Roth IRAs will be considered for purposes of determining whether you have satisfied the 5-year rule (counting from January 1 of the year for which your first contribution was made to any of your Roth IRAs).

y If you do a rollover to a Roth IRA, you will not be required to take a distribution from the Roth IRA during your lifetime and you must keep track of the aggregate amount of the after-tax contributions in all of your Roth IRAs (in order to determine your taxable income for later Roth IRA payments that are not qualified distributions).

y Eligible rollover distributions from a Roth IRA can only be rolled over to another Roth IRA.

How do I do a rollover?

There are two ways to do a rollover. You can either do a direct rollover or a 60-day rollover.

Non-Roth account

If you do a direct rollover, the Plan will make the payment directly to your IRA or an employer plan. You should contact the IRA sponsor or

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Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.

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Special tax notice regarding plan payment from non-Roth and designated Roth accounts

the administrator of the employer plan for information on how to do a direct rollover.

If you do not do a direct rollover, you may still do a rollover by making a deposit into an IRA or eligible employer plan that will accept it. Generally, you will have 60 days after you receive the payment to make the deposit. If you do not do a direct rollover, the Plan is required to withhold 20% of the payment for federal income taxes (up to the amount of cash and property received other than employer stock). This means that, in order to roll over the entire payment in a 60-day rollover, you must use other funds to make up for the 20% withheld. If you do not roll over the entire amount of the payment, the portion not rolled over will be taxed and will be subject to the 10% additional income tax on early distributions if you are under age 59? (unless an exception applies).

y Corrective distributions of contributions that exceed tax law limitations

y Loans treated as deemed distributions (for example, loans in default due to missed payments before your employment ends)

y Cost of life insurance paid by the Plan y Payments of certain automatic enrollment contributions requested

to be withdrawn within 90 days of the first contribution y Amounts treated as distributed because of a prohibited allocation

of S corporation stock under an ESOP (also, there will generally be adverse tax consequences if you roll over a distribution of S corporation stock to an IRA)

The Plan administrator or the payor can tell you what portion of a payment is eligible for rollover.

Designated Roth account

If I don't do a rollover, will I have to pay the 10% additional

If you do a direct rollover, the Plan will make the payment directly to your income tax on early distributions?

Roth IRA or designated Roth account in an employer plan. You should contact the Roth IRA sponsor or the administrator of the employer plan for information on how to do a direct rollover.

If you do not do a direct rollover, you may still do a rollover by making a deposit (generally within 60 days) into a Roth IRA, whether the payment is a qualified or nonqualified distribution. In addition, you can do a rollover by making a deposit within 60 days into a designated Roth account in an employer plan if the payment is a nonqualified distribution and the rollover does not exceed the amount of the earnings in the payment. You cannot do a 60-day rollover to an employer plan of any part of a qualified distribution. If you receive a distribution that is a nonqualified distribution and you do not roll over an amount at least equal to the earnings allocable to the distribution, you will be taxed on the amount of those earnings not rolled over, including the 10% additional income tax on early distributions if you are under age 59? (unless an exception

Non-Roth account

If you are under age 59?, you will have to pay the 10% additional income tax on early distributions for any payment from the Plan (including amounts withheld for income tax) that you do not roll over, unless one of the exceptions listed below applies. This tax applies to the part of the distribution that you must include in income and is in addition to the regular income tax on the payment not rolled over.

Designated Roth account

If the payment is not a qualified distribution and you are under age 59?, you will have to pay the 10% additional income tax on early distributions with respect to the earnings allocated to the payment that you do not roll over (including amounts withheld for income tax), unless one of the exceptions listed below applies. This tax is in addition to the regular income tax on the earnings not rolled over.

applies).

If you do a direct rollover of only a portion of the amount paid from the Plan and a portion is paid to you at the same time, the portion directly rolled over consists first of earnings.

If you do not do a direct rollover and the payment is not a qualified distribution, the Plan is required to withhold 20% of the earnings for federal income taxes (up to the amount of cash and property received other than employer stock). This means that, in order to roll over the entire payment in a 60-day rollover to a Roth IRA, you must use other funds to make up for the 20% withheld.

How much may I roll over?

The following rules are the same for both non-Roth and designated Roth accounts.

If you wish to do a rollover, you may roll over all or part of the amount eligible for rollover. Any payment from the Plan is eligible for rollover, except:

y Certain payments spread over a period of at least 10 years or over your life or life expectancy (or the lives or joint life expectancy of you and your beneficiary)

y Required minimum distributions after age 70? (or after death) y Hardship distributions y ESOP dividends

Both Non-Roth accounts and designated Roth accounts

The 10% additional income tax does not apply to the following payments from the Plan:

y Payments made after you separate from service if you will be at least age 55 in the year of the separation

y Payments that start after you separate from service if paid at least annually in equal or close to equal amounts over your life or life expectancy (or the lives or joint life expectancy of you and your beneficiary)

y Payments from a governmental retirement plan made after you separate from service if you are a qualified public safety employee and you will be at least age 50 in the year of the separation. The term "qualified public safety employee" means public safety employees of a state, political subdivision of a state; and specified federal law enforcement officers, federal customs and border protection officers, federal firefighters and air traffic controllers

y Payments made due to disability y Payments after your death y Payments of ESOP dividends y Corrective distributions of contributions that exceed tax law

limitations y Cost of life insurance paid by the Plan y Payments made directly to the government to satisfy a federal tax

levy

PAD-2272314-100918 RPS33691 (10/18)

Questions? Visit or call 1-800-234-3500, M - F, 8 am - 8 pm ET

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